NZS Capital LLC Has $67.75 Million Position in Roper Technologies, Inc. (NYSE:ROP)

NZS Capital LLC lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 14.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 130,326 shares of the industrial products company's stock after acquiring an additional 16,477 shares during the quarter. Roper Technologies makes up 2.9% of NZS Capital LLC's investment portfolio, making the stock its 10th largest position. NZS Capital LLC owned approximately 0.12% of Roper Technologies worth $67,750,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its holdings in shares of Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock worth $592,000 after buying an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC lifted its stake in Roper Technologies by 3.1% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after purchasing an additional 18 shares in the last quarter. Meridian Financial Partners LLC boosted its holdings in Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock valued at $1,067,000 after purchasing an additional 20 shares during the period. Principal Securities Inc. increased its holdings in shares of Roper Technologies by 0.5% in the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock worth $2,231,000 after purchasing an additional 20 shares during the period. Finally, Exchange Capital Management Inc. boosted its stake in Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock valued at $1,426,000 after buying an additional 20 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Down 0.4 %

Shares of NYSE:ROP opened at $557.70 on Friday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock's 50-day moving average price is $568.90 and its 200-day moving average price is $554.53. The stock has a market capitalization of $59.89 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

ROP has been the topic of several recent analyst reports. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Stifel Nicolaus assumed coverage on Roper Technologies in a research report on Thursday, March 27th. They set a "buy" rating and a $685.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $620.73.

Insiders Place Their Bets

In other news, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 in the last quarter. Insiders own 0.87% of the company's stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.

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